Expand Into The Booming Hong Kong Financial Centre

Hong Kong is known for its expansive skyline and deep natural harbour. It is also known for its solid economy. Tap into this vast economy by venturing into Hong Kong’s financial centre.

Hong Kong is rich in character

PRLog - Dec. 19, 2012 - SYDNEY, Australia -- Hong Kong has surpassed the United States and England to take top spot in the World Economic Forum’s 2011 Index of financial market development. Its solid economy and strong business environment has made it a favorable financial centre.

"Hong Kong's ascent to the top of our index marks a major milestone, the first time in the report's history that the United Kingdom or the US didn't come out on top," Kevin Steinberg, chief operating officer of World Economic Forum USA, said.

Hong Kong’s financial centre is known as the gateway to China, home to 7.2 million people. Eleven million tourists travel the island every year, pumping $7 billion into the economy.

Hong Kong has a major capitalist service economy characterised by low taxation and free trade. The Hong Kong Dollar is the eighth most traded currency in the world as of 2010.

This solid and booming environment is known for its high volume of manufactured products. Being so small geographically, Hong Kong relies heavily on importing its raw materials, such as food from Bangkok and other supplies from Japan.

By experiencing this vast financial centre, you can take advantage of this industry benchmark by utilising the centralised payment system from Technocash.

Strengthen Business Opportunities With Hong Kong

Hong Kong matured to become a financial centre in the 1990s, but was greatly affected by the Asian financial crisis in 1998, and again in 2003 by the SARS outbreak. According to Hong Kong Trade Development Council, a revival of external and domestic demand has led to a strong recovery as decreasing costs strengthened the competitiveness of Hong Kong exports, and to the end of a long deflationary period.